Barclays reiterated their hold rating on shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in a research report released on Wednesday morning. They currently have a $88.00 target price on the transportation company’s stock.
Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Canadian National Railway from a hold rating to a buy rating and set a $101.00 price objective for the company in a research report on Monday, July 30th. Cowen reiterated a buy rating and issued a $98.00 price objective on shares of Canadian National Railway in a research report on Wednesday, July 25th. Macquarie upgraded Canadian National Railway from a neutral rating to an outperform rating in a research report on Thursday, September 20th. Citigroup boosted their price objective on Canadian National Railway from $85.00 to $90.00 and gave the company a neutral rating in a research report on Wednesday, July 25th. Finally, Loop Capital reiterated a hold rating on shares of Canadian National Railway in a research report on Friday, July 13th. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Canadian National Railway has a consensus rating of Buy and an average target price of $91.71.
CNI stock traded up $0.07 during midday trading on Wednesday, hitting $89.60. The company had a trading volume of 11,300 shares, compared to its average volume of 832,614. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.64. Canadian National Railway has a 52 week low of $70.59 and a 52 week high of $90.57. The company has a market capitalization of $64.49 billion, a P/E ratio of 23.29, a PEG ratio of 2.27 and a beta of 1.05.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, July 24th. The transportation company reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.46. Canadian National Railway had a return on equity of 22.90% and a net margin of 42.08%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. equities analysts predict that Canadian National Railway will post 4.16 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be issued a dividend of $0.3429 per share. The ex-dividend date is Thursday, September 6th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 1.53%. Canadian National Railway’s dividend payout ratio is presently 35.94%.
Several institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Canadian National Railway by 8.8% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,396,008 shares of the transportation company’s stock valued at $604,578,000 after acquiring an additional 598,397 shares in the last quarter. Morgan Stanley grew its stake in Canadian National Railway by 4.8% in the second quarter. Morgan Stanley now owns 5,523,209 shares of the transportation company’s stock worth $451,522,000 after purchasing an additional 251,353 shares during the period. Toronto Dominion Bank grew its stake in Canadian National Railway by 116.1% in the second quarter. Toronto Dominion Bank now owns 4,630,111 shares of the transportation company’s stock worth $376,225,000 after purchasing an additional 2,487,700 shares during the period. Fiera Capital Corp grew its stake in Canadian National Railway by 43.7% in the second quarter. Fiera Capital Corp now owns 4,480,073 shares of the transportation company’s stock worth $366,483,000 after purchasing an additional 1,361,814 shares during the period. Finally, Bank of Nova Scotia grew its stake in Canadian National Railway by 4.5% in the second quarter. Bank of Nova Scotia now owns 2,741,220 shares of the transportation company’s stock worth $223,356,000 after purchasing an additional 117,340 shares during the period. Institutional investors own 53.99% of the company’s stock.
About Canadian National Railway
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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